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SPO Medical Completes Restructuring Plan
Date:2/2/2010

NEW YORK, February 2 /PRNewswire-FirstCall/ -- SPO Medical Inc. (SPOM, http://finance.yahoo.com/q?s=SPOM.OB), a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices, today announced it has restructured the Company operations to focus primarily on licensing its core technology for non-medical market applications. A restructuring plan has now been completed which involved the reduction of the Company's corporate and manufacturing workforce and a licensing agreement for the existing medical PulseOx product line. Going forward, SPO Medical Inc. will operate as a development and licensing company. These corporate changes were designed to streamline the organization and right-size the G&A and overhead structure.

Under this new structure, the PulseOx medical product line will be marketed by SPO Medical Systems Ltd., a private Israeli company owned and managed by the original founder of SPO Medical, Mr. Israel Sarussi. As per the license agreement, all worldwide sales, marketing and manufacturing of the PulseOx line has been transferred to SPO Medical Systems Ltd. The licensee has retained much of the workforce previously employed by the Company in connection with manufacture and marketing of the PulseOx medical product line. Additional details relating to the license are included in the Company's current report on Form 8-K that was recently filed.

Michael Braunold, President and Chief Executive Officer of SPO Medical Inc. commented: "The licensing of our medical technology and associated PulseOx product line to SPO Medical Systems Lt
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SOURCE SPO Medical Inc.
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